2024 sales showing surprising new trends in the automotive world [Video]

(TestMiles) — The automotive industry is navigating choppy waters as Q1 2024 sales figures unveil a tale of contrasts and challenges. In a landscape characterized by constant evolution, the numbers from the year’s first three months reveal intriguing shifts that could reshape the market.

The automotive industry is navigating choppy waters as Q1 2024 sales figures unveil a tale of contrasts and challenges. In a landscape characterized by constant evolution, the numbers from the year’s first three months reveal intriguing shifts that could reshape the market.

Once hailed as the future of automotive innovation, electric vehicles are encountering a significant slowdown. Q1 2024 saw EV sales growth dwindle to a mere 2.7%, a stark departure from the impressive 47% surge witnessed the previous year. The electric spark that once ignited consumer interest is flickering.

However, the challenges extend beyond just electric cars. The influx of vehicles onto dealer lots has …